Will “Broker Associate” be Replaced By Robots? 🤔
97% Chance of Automation
“Broker Associate” will almost certainly be replaced by robots.
This job is ranked #663 out of #702, where higher means less likely to be replaced.
Operate real estate office, or work for commercial real estate firm, overseeing real estate transactions. Other duties usually include selling real estate or renting properties and arranging loans.
- The SOC (Standard Occupational Classification) code is 41-9021.00
- The Mean Annual Wage in the U.S. is $ 79,340.00
- The Mean Hourly Wage is $ 38.00
- Currently, there are 40,850 people on this job
☝️ Information based on the reference occupation “Real Estate Brokers”.
Also Known As…
- Real Estate Brokers
- Supervising Broker
- Real Estate Sales Associate
- Real Estate Broker
- Real Estate Associate
- Managing Broker
- Designated Broker
- Broker Assistant
- Realty Specialist
- Realty Loan Specialist
- Real Estate Salesperson
- Real Estate Closer
- Licensed Real Estate Broker
- Lease Analyst
- Lease Administration Analyst
- Contract Specialist
- Closing Agent
- Buyer Broker
- Broker Associate
Tasks for “Broker Associate”
- Give buyers virtual tours of properties in which they are interested, using computers.
- Supervise agents who handle real estate transactions.
- Maintain working knowledge of various factors that determine a farm's capacity to produce, such as agricultural variables and proximity to market centers and transportation facilities.
- Review property details to ensure that environmental regulations are met.
- Maintain awareness of current income tax regulations, local zoning, building and tax laws, and growth possibilities of the area where a property is located.
- Develop, sell, or lease property used for industry or manufacturing.
- Monitor fulfillment of purchase contract terms to ensure that they are handled in a timely manner.
- Obtain agreements from property owners to place properties for sale with real estate firms.
- Maintain knowledge of real estate law, local economies, fair housing laws, types of available mortgages, financing options, and government programs.
- Arrange for title searches of properties being sold.
- Sell, for a fee, real estate owned by others.
- Generate lists of properties for sale, their locations, descriptions, and available financing options, using computers.
- Act as an intermediary in negotiations between buyers and sellers over property prices and settlement details and during the closing of sales.
- Appraise property values, assessing income potential when relevant.
- Manage or operate real estate offices, handling associated business details.
- Arrange for financing of property purchases.
- Check work completed by loan officers, attorneys, or other professionals to ensure that it is performed properly.
- Rent properties or manage rental properties.
- Compare a property with similar properties that have recently sold to determine its competitive market price.
Related Technology & Tools
- Photocopying equipment
- Computer laser printers
- Digital video cameras
- Desktop computers
- Passenger vehicles
- Laser facsimile machines
- Measuring tapes
- Personal computers
- Personal digital assistants PDA
- Laptop computers
- Digital cameras
- Handheld calculators
- Real Estate Assistant REA
- Property records databases
- Real estate listing databases
- Microsoft Word
- Visual Lease
- Microsoft Excel
- First American CoreLogic RealQuest Pro
- PropertyBoss Solutions PropertyBoss
- Domin-8 Enterprise Solutions Tenant Pro
- Showing Suite
- Microsoft PowerPoint
- Google Earth Pro
- Customer relationship management CRM software
- Deep Forest Systems OnCite
- Lease Cost Solutions LseMod
- Microsoft Outlook
- Microsoft Office
- AppFolio Property Manager
- RealData REIA
- London Computer Systems Rent Manager
- Adobe Systems Adobe Photoshop
- Enterprise Software Systems CRE Sync
- Yardi Systems Yardi Voyager Commercial
- Microsoft Internet Explorer
- Property Boulevard
- Web browser software
- Intuit QuickBooks